In a move that will bring a major relief to real estate firms such as DLF and Unitech, the corporate affairs ministry has decided to dilute a key provision in the new accounting standards IFRS which will allow real estate companies to show the percen
As the uncertainty following the Comptroller and Auditor General’s (CAG) report on telecom companies continues, bankers who have taken exposure to these companies are getting the jitters. The plan of action ranges from drawdown of loans to seeking ad
To recover dues, bankers are trying to put the fear of God into obstinate defaulters to pay up. And how? By making it plain that they could get reported to the Credit Information Bureau, bankers have been able to achieve a modicum of success in recov
Urban cooperative banks (UCBs) have been allowed to lend more freely now, especially with regard to home loans and advances to the realty sector. The new rules were part of a slew of notifications by Reserve Bank of India easing the norms last week.
The Point of Taxation rules, which will allow tax authorities to link the payment of service tax to provision of service, raising of invoice or payment for service — whichever is the earliest — may not be introduced in this financial year. The financ
The survey carried out by sleuths of the Income Tax Department on the Greater Mohali Urban Development Authority (GMADA) on Thursday has revealed that the GMADA has failed to deposit timely advance tax instalments on receipts exceeding Rs 150 crore o
The Ministry of Corporate Affairs has modified the instruction contained in circular No.14/3/87-CL-V Vol. III dated 21.3.1995 to permit the period for filing of documents with less delay. This has been done in the light of the fact that implementatio
The Minister for Corporate Affairs has said that the Competition Commission of India has fully started its statutory functions except Regulation of combinations, as Sections 5 & 6 of the Competition Act have not been notified. Giving this information
The result of online CPT examination held in the month of October, 2010 is likely to be declared on 30th November, 2010. The result can be viewed at www.icai.org
Late on Thursday, a source with direct knowledge of the matter said the Telecom Regulatory Authority of India recommended to the government that it cancel 38 telecoms licences because the operators did not meet rollout requirements. While shares in R
